From version < 1.63 >
edited by Md. Touhidul Islam
on 2023/04/29 02:34
To version < 1.64 >
edited by Md. Touhidul Islam
on 2023/04/29 02:34
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23 += Recent Financing Activities =
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25 +* In February 2022, NCLH received a total of $2.1 billion in debt financing through various sources. The company used the proceeds to redeem all of the outstanding 2024 Senior Secured Notes and 2026 Senior Secured Notes and to pay debt liabilities for 2022.
26 +* In December 2022, the company amended the Senior Secured Credit Facility to extend approximately $1.4 billion of maturities by one year to January 2025.
27 +* In February 2023, NCLC issued $600 million aggregate principal amount of 8.375% senior secured notes due 2028. The proceeds from the notes were used to repay the loans outstanding under Term Loan A Facility that otherwise would have become due in January 2024.
28 +* In July 2022, the company amended their $1 billion commitment, which provided additional liquidity to the Company through March 31, 2023. In February 2023, the commitment was further extended through February 2024, with an option for NCLC to further extend the commitments through February 2025 at its election. Simultaneously, the amount of the commitment was reduced to $650 million.
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23 23  = Financial Highlights =
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25 25  == Q1'23 Financial Highlights ==
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31 31  Due to the impact of COVID-19, travel restrictions and limited access to ports around the world, in March 2020, like the other cruising companies, Norwegian also implemented a voluntary suspension of all cruise voyages across their three brands. In the third quarter of 2021, the company began a phased relaunch of certain cruise voyages with ships initially operating at reduced occupancy levels. In early May 2022, NCLH completed the phased relaunch of their entire fleet with all ships now in operation with guests on board. Occupancy levels have sequentially increased in recent quarters, most recently averaging 87% in the fourth quarter 2022, with the Company expecting to return to historical Occupancy levels for the second quarter of 2023.
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41 +Given the situation as such, total revenue of the company has increased 647.5% to $4.8 billion for the year ended December 31, 2022 compared to $0.6 billion for the year ended December 31, 2021. Capacity Days increased by 420.2%. For the year ended December 31, 2022, the company had net loss and diluted EPS of $(2.3) billion and $(5.41), respectively. For the year ended December 31, 2021, NCLH had net loss and diluted EPS of $(4.5) billion and $(12.33), respectively.
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